Health and Educational Facilities Authority

Health and Educational Facilities Authority
15450 S. Outer Forty Rd., Ste 230
Chesterfield, MO 63107
Telephone: (573)519-0700
FAX: (636)519-0792

The Health and Educational Facilities Authority, created in 1975, provides assistance to nonprofit institutions of higher education and nonprofit hospitals in the construction, financing and refinancing of projects.

The authority consists of seven members appointed by the governor with the advice and consent of the Senate. Each member must be a resident of the state; no more than four members may be of the same political party.

The authority is empowered to: issue bonds, notes and other obligations for any of its corporate purposes and to refund the same; charge and collect rents, rates and fees for the use of projects or for services furnished by the facilities in relation thereto; construct, repair, operate, lease or regulate projects for participating health or educational institutions; refinance indebtedness of participating institutions incurred in the construction or acquisition of facilities by such institutions; establish or cause to be established rules and regulations for the use of projects; receive loans or grants from any public agency or other source, in relation to projects; make loans to participating health institutions for the costs of projects; mortgage any project and the site thereof for the benefit of the holders of bonds issued to finance such project; and do all things necessary or convenient to carry out the purpose of the act.